Blog

28

0

The Death of BigLaw

Posted by shark

inLegal Advice, Necessary Forms

Dahlia Saper over at Saper Law just sent me this fascinating article from The New Republic. You can get it here.

The author, Mr. Naom Scheiber, does a nice job describing some of the market inefficiencies that have resulted in a very difficult legal market for young lawyers. As a small “boutique” law firm, the Sharks are very much aware of the competitive legal market.

More interesting, however, is the way this new economy is impacting so-called “biglaw” – firms with over 500 attorneys. Traditionally, these firms have charged extremely high hourly fees with little or no reason to compete on price. That’s changing, however, as the soft economy has made it impossible for big firms to charge their antiquated rates. Now, the partners at the top of biglaw are eating each other.

I highly recommend reading the piece, and remember that small firms, like the Sharks, have experienced, hard-working, intelligent attorneys, who aren’t driven solely by “maximizing hourly billing” and “increasing revenues.” If you’re hiring a lawyer, it’s important to remember that a firm that knows you by name, that spends time with your file every week, has more of a stake in your case than a firm that handles tens of thousands of cases a year. Think about it.

contact us

free consultation

Popular Categories

Categories

Recent Posts

While the United States-Mexico border might be thousands of miles from Chicago, the topic of immigration is one that hits close to home for Chicagoans. Last week, news broke that families were being separated at the Southern border. Children as...

Chicago is no stranger to test piloting new convenience based start-up companies. From being one of the first cities to use food delivery services like Grubhub and 24/7 laundry lockers like Pressbox, Chicagoans have shown huge interest in these new...

A recent decision by the Supreme Court means that sports fans will now have more opportunities to place legal bets on sports teams. On Monday, the Supreme Court voted 6-3 to end a 1992 law that deemed sports betting illegal...

This an an excerpt from the document, "Memorandum Opinion Enforcing Provisions of Sale Order With Respect to the Moore, Et Al. Plaintiffs". This dispute involves allegedly contaminated groundwater that migrated from property previously owned until July 2009 by General Motors...

Uber has announced its plans to change the legal process for sexual assault victims involving employees, drivers, and other riders. Before Tuesday, anybody that alleged sexual assault involving somebody related to Uber, were subject to a lengthy legal process. CNN...

Today, virtually everybody has an online presence. From Facebook, to Twitter, to Snapchat, social media has become a core part of our lives. People can use these platforms to document every second of their life, from who they’re with, to...

Uninsured motorists are more common than you think. According to a 2016 study, 13.7% of Illinois drivers, or about 1 in 8, were uninsured, ranking the state 18th for most uninsured motorists. Not only are uninsured motorists a threat to...

Office workers are exposed to more hazards than one might think. Workplace hazards come in many forms including slip-and-fall accidents, ergonomic hazards, poor indoor air quality, electrical fires, as well as many other dangers. It was reported in 2016 that...

Intense work load in the office can lead to distraction in your personal life. Often, when the workplace demands attention outside of work hours, this can take shape in the form of distracted driving. Employees can frequently find themselves using...

About us

The Memmen Law Firm are personal injury lawyers committed to helping clients in Chicago and throughout Illinois, Wisconsin, and the rest of the United States.

Our experienced team of lawyers will make you feel at home and will work to ensure you get justice.